Bitcoin Holds Above $113K - Next Stop $116K or Pullback Ahead?

Nice follow-through to start the week 👋

On Friday, we marked $110K as the key level that needed to hold to keep momentum alive — and buyers stepped in exactly there. From that base, price pushed through $111.6K and $113.3K, both zones we highlighted as long-trade targets.

Congratulations to everyone who executed those setups! 👍

Now we shift focus to the next stage. 📈

👉 Learn how to plan these continuation sequences inside our Trading Academy.

The Current Structure

Bitcoin’s short-term trend continues to respect clean structural behavior. The breakout and follow-through confirmed strength, while the current pause looks like a standard pullback within the rally — the classic rhythm of trend movement.

Above $113.3K, buyers still control momentum.

If price retests this zone, it now acts just like $110K did last week — either as support for another bounce or as the trigger for a deeper pullback if broken.

Key Levels to Watch

Support Zones:

• $113.3K → the new pivot; structure support if buyers hold it.

• $110K → secondary support; the previous key level that launched the rally.

Resistance Zones:

• $116.4K → immediate reaction area; sellers may appear here short term.

• $118K–$120K → broader resistance zone aligning with prior highs.

Market Structure in Play

This is standard trend formation:

1️⃣ Push → 2️⃣ Pullback → 3️⃣ Continuation attempt.

Healthy trends breathe. Price expands, consolidates, and then re-accelerates when structure stays intact.

Pullbacks inside a valid uptrend are not signals of weakness — they’re how trends build energy.

👉 You can practice identifying and trading these sequences using our Trading Simulator.

What to Watch Next

• If $113.3K holds, continuation toward $116.4K is likely.

• A clean breakout above $116.4K would confirm trend strength and may open the door toward $118K–$120K.

• If $113.3K fails, momentum could rotate back toward $110K, resetting the structure before the next leg.

Trader Psychology

This week’s move is the perfect reminder that patience pays.

Traders who respected last week’s levels and waited for confirmation at $110K caught the move cleanly.

Now, the same principle applies: let $113.3K guide your bias.

Following structure keeps you calm in volatile conditions — no guessing, no chasing.

Bottom Line

Bitcoin continues to respect its uptrend. Buyers defended $110K, hit both upside targets, and now face a healthy mid-trend pullback.

• Above $113.3K → trend remains intact, targeting $116.4K next.

• Below $113.3K → watch $110K for the next reaction.

This is a textbook continuation setup in motion. Trade structure, not emotion. 😉

👉 Follow next session’s updates in Daily Insights and refine your trend-following strategy through the Trading Academy.

Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.